The copper producer Cradle Arc will restart the Mowana copper mine in Botswana, which will increase production to 12,000 tons per year. More and more African countries are using the advantages of rising metal prices to develop mining assets.
Kevin van Wouw, chief executive of the mining company, said that after obtaining $10 million worth of debt financing, the Mowana mine will accelerate development in the next three to four months. The output target thereafter is to reach 20,000 tons per year.
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